Microsoft will announce the integration of real time status updates from both Twitter and Facebook into Bing at the Web 2.0 Summit today, we’ve heard from a source with knowledge of the deals. The announcement will be made by Qi Lu, President of Microsoft’s Online Services Group, later this morning.

Mere hours after today’s announcement that Twitter would now be integrated with Microsoft’s Bing search engine, Google has annouced that it too will include Twittter updates in its own search results. Marissa Mayer, Google VP of Search Products and User Experience, writes in a company blog post.

At Google, our goal is to create the most comprehensive, relevant and fast search in the world. In the past few years, an entirely new type of data has emerged ― real-time updates like those on Twitter have appeared not only as a way for people to communicate their thoughts and feelings, but also as an interesting source of data about what is happening right now in regard to a particular topic.

Given this new type of information and its value to search, we are very excited to announce that we have reached an agreement with Twitter to include their updates in our search results.